President Akufo-Addo Must Reduce Ministers To 40 - Prof Bokpin | Social

An economist, Professor Godfred Bokpin, has urged President Nana Addo Dankwa Akufo-Addo to chop the variety of Ministers in his administration to 40.

According to him the variety of Ministers, coupled with different prices of operationalizing Ghana's democracy resembling sustaining 275 Members of Parliament and different Presidential appointees was too costly for the nation within the present financial disaster.

He mentioned the price of operationalizing Ghana's democracy since 1992 had left little room for growth-enhancing spending and funding.

"If you look at the size of government, the number of Ministers and Ministries, if you were running Ghana as a business, you would certainly have sacked some Ministers by now, collapsed some of the Ministries, reduced government appointees and associated costs of running it, doing so will not hurt growth, doing so would only free-up fiscal space for growth-enhancing spending," Professor Bokpin mentioned.

"I feel that Ghana ought to have the ability to do with lower than 40 Ministers, I'm wanting ahead to the President taking that call within the 2023 funds after which we will doc the associated fee financial savings from there straight.

"Ghana's economy is not particularly unique. Cote d'Ivoire in April 2022 took the decision to reduce the number of Ministers from 41 to 42... We supported the President when in his first term when he said size matters with the number of Ministers but I believe that after four years there should be proper feedback because it's (maintaining 86 Ministers) still costly.".

Professor Bokpin made this recognized at present in his tackle on the Graphic Business/Stanbic Bank Breakfast Meeting in Accra. The assembly was on the theme: “17 Times too many! What ought to we cease doing and begin doing as a folks?

unavoidable haircuts

He additionally disagreed with an assurance by President Akufo-Addo that there shall be "no haircuts" on investments. Prof Bokpin defined that haircuts had been unavoidable however the focus must be on areas that won't damage development.

"As far as we are concerned, a haircut is unavoidable, the question is, on whose head should it be?," Prof Bokpin mentioned.

"Should it be on the head of government largely? That's why we are talking about the President taking the bold step to downsize and the signal effect will be real".

He mentioned cuts on salaries wouldn't assist the state of affairs as bulletins of reductions within the salaries of appointees up to now had not impacted the markets.